Under current IRS guidelines, the non-refundable portion of your entrance fee may be submitted as a pre-paid medical expense in the year you occupy your Viamonte residence. Also, on an ongoing annual basis, a percentage of your total annual monthly fees paid is also eligible for the same tax benefit. That annual percentage varies based on the percentage of the community’s total expenditures related to health care. This information is tracked and shared with all Viamonte residents annually by the community’s Executive Director. Tax laws are, of course, constantly evolving and always subject to interpretation, but recent legal precedents have been favorable for CCRC residents who have sought to deduct portions of their deposits and fees. Of course, you and your tax preparation professional should consult closely to determine the best strategy.

To learn more about our fees and pricing, please schedule a one-on-one appointment with a Viamonte senior living counselor at 925-621-6600.